Common sense seems to tell those who are in or approaching retirement that they should cut back on their investment risk. After all, they will have to rely on it for income and feel they can’t afford to lose it. One rule of thumb says that you should subtract your age from 100 and the remainder is the percentage that […]
Month: February 2008
Want to be a better investor? Start learning from your mistakes
Remember when a special teacher in your life told you it was good to make mistakes as long as you could learn from them? It is probably one of the most important maxims for investors—and probably one of the most ignored. The evidence that investors don’t learn from mistakes is widespread. Every few years a new mania takes hold and […]